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NEW YORK - Spire Global, Inc. (NYSE:SPIR), a space-based data company with a market capitalization of $291.5 million, has received a notice from the New York Stock Exchange (NYSE) indicating non-compliance with continued listing standards, according to a press release statement issued Wednesday.
The notice, received on August 20, 2025, cites the company’s failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, with the Securities and Exchange Commission (SEC).
Under NYSE rules, Spire Global has until February 19, 2026, to regain compliance by filing the required Form 10-Q. The company has already contacted the NYSE to discuss the status of its filing and is working to complete and submit the document "as soon as practicable," the statement said.
Spire Global, which describes itself as a provider of space-based data, analytics and space services, operates a satellite constellation that observes Earth using radio frequency technology. The company collects data on global weather, ship and plane movements, and detection of spoofing and jamming activities.
The company maintains offices across the United States, Canada, United Kingdom, Luxembourg, Germany and Singapore.
In other recent news, Spire Global has provided updated guidance for its second-quarter revenues, expecting them to range between $18 million and $19 million. This projection aligns with the consensus estimate of $18.8 million. Spire concluded the quarter with a cash balance of $117.6 million. The company has also secured a contract from the European Space Agency to supply historical weather data collected by its satellites, enhancing research capabilities in climate variables. Additionally, Spire announced an expansion of its Space Reconnaissance portfolio with new radio frequency geospatial intelligence tools aimed at supporting various sectors, including government and defense. In a separate development, PricewaterhouseCoopers will resign as Spire’s auditor after filing the company’s 10-Q for the period ending June 30, 2025, with Spire actively searching for new auditors. Furthermore, NASA has extended Spire Global’s data contract with a $1.2 million award to continue providing Earth observation data. Stifel has reiterated its Buy rating on Spire Global, maintaining a $17 price target.
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